Sixths trading - an EA by macman, Bob and Steve mk 2 | Page 51 | Forex Factory

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Sixths trading - an EA by macman, Bob and Steve mk 2

  • #1,001
  • Mar 15, 2011 6:51pm Mar 15, 2011 6:51pm
Quoting greven
Well.. seems like activetrades display 4 digit but is in real a 5 digit criminal.
This cause TOB to calculate reentry line with multiplier 1 instead of 10.
I've changed it into the code and now the reentry line is like the one on alpari.uk

Actually is 500 for eurusd and 150 for usdchf.
With multiplier 1 was 50 and 150, so calculation is for me still strange.
Well.. will have something to think about tomorrow morning
Wow. Is everybody reading this?

Especially those of you with live accounts with these cowboys. This takes the breath away.

  • #1,002
  • Mar 15, 2011 7:00pm Mar 15, 2011 7:00pm
Well, i'm really a noob in coding so i'm not sure if i'm writing bullshit or not
It would be nice if someone can post their actual volatility and reentry line pips for some pairs, so I can crosscheck them with this broker.
  • #1,003
  • Mar 15, 2011 7:45pm Mar 15, 2011 7:45pm
Quoting SteveHopwood
Going back briefly to The Logical Trader, I coded a signals-generator that I sent to astral. . . .
Re the ACD stuff, I've been playing with a breakout alert indi recently that you may find useful in your coding. Or not. Attached below.
Attached File(s)
File Type: mq4 Chin Breakout Alert V[1].1.2s(m MTF).mq4   25 KB | 303 downloads
  • #1,004
  • Mar 15, 2011 8:35pm Mar 15, 2011 8:35pm
Quoting SteveHopwood
It has been a funny old day so far. Amongst all the fire and fury in the markets, I have made 183 pips today, and 370 since the markets opened on Sunday night.

One of my Recovery groups just closed, so the margin level is back over 1000%; this is where I prefer it to remain.

I would be perfectly happy with 370 pips for the entire week, so I am inno hurry to restart TOB on the remaining charts. I am leaving the no-L4 in place for now.

Steve:

Crazy markets yield huge pips if you have the balls to hold on. My numbers are +351 pips today and +559 since Sunday;14 pairs. I did close one GBPJPY trade manually for +92 pips just before it retraced, but otherwise, all TOB. I have never seen anything like it. The 10% DD this morning are down to 3%.

By comparison Beastie pulled in +447 pips today and +887 since Sunday with no manual intervention; 15 pairs. Again relatively large DD down to 3%.

I think the ChaserL has made a big difference as the sixths lines align much faster to the price extremes making more trades possible.

Petehttp://www.forexfactory.com/images/icons/icon10.gif
  • #1,005
  • Mar 15, 2011 8:59pm Mar 15, 2011 8:59pm
Quoting SteveHopwood
I can imagine how this happens: solid magenta line moves beyond the re-entry line so TOB sends a trade even though the dashed line is inside the re-entry line.

Not sure, so I will have a look at the code.

Steve: There is another possible problem with trades when the magenta lines move due to a price spike. On 3/11 I had a USDCAD short trade that closed for a 12 pip loss when the magenta lines moved up more than +35 pips. I believe this loss happened because it closed at the top gold line, as expected, that was now above the trade entry point by that 12 pip distance. I think it would be good to check code for that possibility as well.

Pete
  • #1,006
  • Mar 15, 2011 9:16pm Mar 15, 2011 9:16pm
Quoting ForexPete
Steve:

Crazy markets yield huge pips if you have the balls to hold on. My numbers are +351 pips today and +559 since Sunday;14 pairs. I did close one GBPJPY trade manually for +92 pips just before it retraced, but otherwise, all TOB. I have never seen anything like it. The 10% DD this morning are down to 3%.

By comparison Beastie pulled in +447 pips today and +887 since Sunday with no manual intervention; 15 pairs. Again relatively large DD down to 3%.

I think the ChaserL has made a big difference as the sixths lines align much faster to the...
Hi Pete

I have never tested Beastie in any form ( could not get seduced by the TT theory, so did not see the point as TOB was working so well ) but I believe it uses the original formula for drawing the sixths lines and calculating re entry ... Bar Count 0 ?

If this is correct, your comparison between TOB with ChasserL and Beastie with Bar Count 0 would seem to suggest the original Bar Count has performed better than ChaserL in last few days hectic markets ?

I am still not convinced with ChaserL settings and am still a little bemused by and unsure of the re entry line theory and if it is excecuting correctly, because as you say it does seem to get you into more trades, quicker, closer together etc .... looking at my overall results, before ChaserL and after, I am coming to the conclusion the original performs better and is posssibly ' safer ' simply because it does not add trades too quickly

The market conditions yesterday and the large DD I was in I think was exaggerated by ChaserL settings .... ie too many trades too closely spaced, just my thoughts

I have not seen much discussion here regarding comparisons for different Sixths Line redraws / re entries .... 0, Max, ChaserL .... would be intersting to get others thoughts
  • #1,007
  • Mar 15, 2011 10:12pm Mar 15, 2011 10:12pm
jcs:

Good thoughts. I should have mentioned that my results were only with CT. And you are right Beastie uses the original sixths, not ChaserL, so at times the bar count is very different. I shut down the TT in Beastie after one week because like its predecessor,the NB Trend Trader, it just did not work. But I have not given up on finding a good trend trader that I think we need to complement the CT in TOB and/or Beastie.

You mentioned the down side for too many trades with the ChaserL sixths. Yes, there is a risk there as in everything else, but it sure worked the last three days. It would be worth doing a longer term forward comparison of TOB with and without ChaserL. You could compensate for the higher risk using ChaserL with smaller lots.

I agree that there may be re-entry issues that need resolution, but they appear minor compared with the results of the last few days. We have had a good TOB shake down with the wild market we have had and it met the test far better than I could have ever expected. I am one happy clam!http://www.forexfactory.com/images/icons/icon10.gif

Pete
  • #1,008
  • Mar 16, 2011 12:53am Mar 16, 2011 12:53am
Quoting Pinhead
Re the ACD stuff, I've been playing with a breakout alert indi recently that you may find useful in your coding. Or not. Attached below.
Cheers.

  • #1,009
  • Mar 16, 2011 1:39am Mar 16, 2011 1:39am
Latest update in post 1.

I had a look at the trade-trigger code in void CalculateTrades(). It was testing to see if the solid magenta lines are the correct side of the re-entry line. It should have been checking to see whether the dashed line is the correct side.

I also found a couple of improvements to make to the gold line breakeven code.

  • #1,010
  • Mar 16, 2011 3:05am Mar 16, 2011 3:05am
Steve
TOB came through the Japan/ NZ crisis with flying colours. The recovery trades are unbelievable. Sample attached. I have never had such fun tradeing with TOB since I discovered sex.
Attached Image (click to enlarge)
Click to Enlarge Name: recovery.jpg Size: 36 KB
  • #1,011
  • Mar 16, 2011 3:13am Mar 16, 2011 3:13am
Quoting Ray Singcar
Steve
TOB came through the Japan/ NZ crisis with flying colours. The recovery trades are unbelievable. Sample attached. I have never had such fun tradeing with TOB since I discovered sex.
That is great. The latest code-tightening should improve things further still.

FWIW, I am not turning TOP back to full power just yet. I have to go out later this morning and will be out for most of the day, so I do not want to leave the bot unsupervised.

  • #1,012
  • Mar 16, 2011 10:37am Mar 16, 2011 10:37am
Quoting jcs
Hi Pete

I have never tested Beastie in any form ( could not get seduced by the TT theory, so did not see the point as TOB was working so well ) but I believe it uses the original formula for drawing the sixths lines and calculating re entry ... Bar Count...
Page 55 Post 824 - 6 month forward test of both 24/7 - the actual BOTS will be updated as new releases come out, however the set files will be the same.
  • #1,013
  • Edited 4:31pm Mar 16, 2011 3:52pm | Edited 4:31pm
I fired up a new demo with TOB this morning to watch her work under 'extreme duress'. 50k, trading standard lots, 13 pairs--a suicide mission if ever there was one.

Yes, I know, it's a cruel thing I've done, but it's all for science. She's taking a savage and merciless beating at the moment and a margin call has recently reared its ugly head. If she survives the week, we'll know she's immortal. 880 pips down and counting . . . .

Apologies for abusing your pride and joy like this, Steve, but man, what pure, sadistic pleasure!

Update: 790 pips! There's a pulse!

Update: The operation was a complete success. The patient is dead.
  • #1,014
  • Mar 16, 2011 4:55pm Mar 16, 2011 4:55pm
Recovery always works in the end.

Those blasted gj sell trades from the end of December finally closed at a profit, courtesy of the Yen strength.

Now, how many years will it be before my cadjpy buys go the same way? Currently about -$190 on my $1600 account.

Boy oh boy, but shutting down the L4 potential was a good move.

On a more serious note, my heart goes out to those poor people in Japan. I am an atheist, yet even I offer up a prayer to anything that might be listening, for intervention on their behalf.

  • #1,015
  • Mar 16, 2011 4:57pm Mar 16, 2011 4:57pm
Quoting Pinhead
I fired up a new demo with TOB this morning to watch her work under 'extreme duress'. 50k, trading standard lots, 13 pairs--a suicide mission if ever there was one.

Yes, I know, it's a cruel thing I've done, but it's all for science. She's taking a savage and merciless beating at the moment and a margin call has recently reared its ugly head. If she survives the week, we'll know she's immortal. 880 pips down and counting . . . .

Apologies for abusing your pride and joy like this, Steve, but man, what pure, sadistic pleasure! ...
Just remember what a beast is. You could well find it taking revenge.
  • #1,016
  • Mar 16, 2011 4:58pm Mar 16, 2011 4:58pm
Hey. I have a trade in single digit dd. Haven't seen one of those for a couple of days.
  • #1,017
  • Mar 16, 2011 5:05pm Mar 16, 2011 5:05pm
To all those trading TOB live at the moment - I sincerely hope you have survived.
The markets are having one of those crazy periods we all know happen every now and then. If TOB can survive this it will be a great sign. Really hope it has for those trading small lot sizes live.
  • #1,018
  • Mar 16, 2011 5:06pm Mar 16, 2011 5:06pm
omg its a sign one of my demo accounts is -666
  • #1,019
  • Mar 16, 2011 5:09pm Mar 16, 2011 5:09pm
Quoting ForexKiwi
To all those trading TOB live at the moment - I sincerely hope you have survived.
The markets are having one of those crazy periods we all know happen every now and then. If TOB can survive this it will be a great sign. Really hope it has for those trading small lot sizes live.
These are perfect conditions for this EA.
Vincit qui se vincit.
  • #1,020
  • Mar 16, 2011 5:20pm Mar 16, 2011 5:20pm
Quoting Pippopotamus
These are perfect conditions for this EA.
No they are not.

Pairs that move determinedly in one direction only are not good for this style of trading. They are a pain in the arse.

My bum is quite tender right now.

If you seriously believe that current market conditions are perfect for TOB, then I suggest you divide your lot sizes by 10.

Then reduce them further to your crim's minimum lot size.

Then turn off the bot.

Your account might survive that way.

I am not joking.

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